Total funding raised by Reliance Industries


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Total funding raised by Reliance Industries

Total funding raised by Reliance Industries Introduction • Reliance Industries (RIL) said Friday that it is now a netdebt-free firm, after raising Rs1.75 trillion against its Rs1.61 trillion net debt. • The company has earned Rs1.15 trillion rupees to 10 investors through a 24.71 per cent equity selling of its subsidiary Jio Platforms. Source: Yadnya Investment Academy Current Debt • In addition to the stake sale in the petro-retail JV to BP, the overall fund raise exceeds the Rs1.75 lakh crore. • As on March 31 , 2020, our net debt was Rs161,035 Crore. RIL had been net debt-free with these investments. Source: Firstpost Rights Issue over the years • The rights issue of RIL assets, which was subscribed 1.59 times, was not only India's biggest issue ever, but also a non-financial entity's largest in the world in the last ten years. Source: SP Tulsian’s Last Two Months of RIL • Jio Platforms has now in all likelihood concluded its fund-raising exercise that 10 investors committed to investing Rs1.15 trillion in the RIL subsidiary for a combined stake of 24.71 per cent in 58 days. Source: Economic Times Companies who invested • Jio 's list of investors includes Facebook; six private equity companies, namely General Atlantic, TPG, KKR, Silver Lake, L Catterton, Vista Equity Partners, two Abu Dhabi sovereign funds — Abu Dhabi Investment Authority and Mubadala Investment Company — and the Public Investment Fund (PIF) of Saudi Arabia. Source: SS Cyber Different Stakeholders • Mukesh Ambani led Reliance Industries has received on a completely diluted basis Rs 11,367 crore from the Public Investment Fund ( PIF) for a 2.32 percent shareholding in Jio Platforms. • PIF, Saudi Arabia's sovereign wealth fund, is the 10th cheque earned by Mukesh Ambani for an equity investment in his Jio Platforms digital telecommunications arm. • Jio Platforms investment prices at an equity value of about 4.91 lakh crore and a corporate value of about 5.16 lakh crore. Including the latest investment Reliance Industries Ltd has now raised a total of Rs 1,15,693 from global investors including the Facebook by Mark Zuckerburg. Source: Inc42 Google and QUALCOMM • The investment of Qualcomm Ventures would turn into a completely diluted shareholding of 0.15 per cent in Jio Platforms, "the company said in a statement. • Reliance Industries shares NSE -0.93 percent (RIL) paved much of their day's losses on news that U.S. technology firm Google is in advanced talks to invest $4 billion in Jio Platforms. Source: Wikipedia Mukesh Ambani’s Vision • Ambani believes India will be a fully 4 G country by 2020 and prepared for 5 G ahead of others. That phone in India will be a 4 G phone enabled and each customer will have access to 4 G connectivity. • He is personally excited about the potential and possibility of bringing the Digital Revolution to the villages of India, to farming and rural enterprises, to women and oppressed communities around the world Source: Bloomberg Quint Mukesh Ambani’s - RIL’s Net worth • Mukesh Ambani, chairman and managing director of India's most valued company Reliance Industries (RIL), today became the world’s 8th richest person as his real-time net worth crossed for the first time the $70 billion mark. • Mukesh Ambani's real-time net worth now stands at $71.2 billion according to the Bloomberg Billionaires Index. Source: Business Satndard THANK YOU!!!